FreightWaves SONAR chart of the week (July 2-8, 2018)

 SOURCE: FREIGHTWAVES SONAR DISPLAYING THE CASS FREIGHT VOLUME INDEX

SOURCE: FREIGHTWAVES SONAR DISPLAYING THE CASS FREIGHT VOLUME INDEX

2018 is shaping up to be the highest freight volume market in over a decade according to the Cass Freight Index (CFIS.USA) on SONAR. The index is currently showing 1.31, up from 1.17 a year ago. This is a great sign for carriers moving into the second half of 2018, as conditions should remain tight as the economy continues the momentum going into the third and fourth quarters. 

The Cass Freight Index for Shipments is an index representing the volume of shipments in a given month from the entire Cass client base. This is indexed against a January 1990 base point of 1.00. Larger values indicate more shipments are occurring, while smaller values mean fewer are moving.

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Brian Straight

Brian Straight has covered the U.S. trucking and transportation community for more than 10 years, winning numerous regional and national editorial awards, including a Jesse. H. Neal Award. Prior to working on FreightWaves, Brian spent 10 years at industry trade magazine Fleet Owner, and prior to that managed daily newspaper editorial operations.